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Telecom Expense Management

Telecom Expense Management (TEM) began due to the constant evolution of IT Communications. Over time, enterprises quickly realized managing expenses for multiple locations became cumbersome. Many enterprises have chosen to do their own TEM in-house as what they thought to be a simple, low-cost fix. However, to efficiently process invoices, maintain inventory, correct discrepancies, and overall manage the entire communications lifecycle can be nearly impossible with your main day to day job tasks. Additionally, the expansion of new devices has spawned security risks and other IT related concerns that have ultimately led managers to reconsider an outsourced approach.

 

RadiusPoint © Recognized in Gartner’s 2018 Market Guide for Telecom Expense Management

 

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Telecom Expense Management (TEM) is the process of managing large enterprises communications costs to include fixed voice and data, mobile devices, Unified Communications and Collaboration (UCC), VoIP, and any other IT related services. From support, provision, procurement, and tracking of inventory, we provide IT and Finance departments the necessary tools required for strategic technology decision making as well as emerging IoT deployments.

Here at RadiusPoint, we streamline processes to benefit our clients. These processes range from inventory audit to paying vendors. Through ExpenseLogic TM, our proprietary software, your telecom invoices are line-item audited against contract rates, company usage policies and much more.  

Our proactive approach in managing your company’s telecom invoices focus on 3 key components:

Reduce your overall spend

 

Save time filtering through each line item

 

Full visibility on a single platform

 

Pitfalls in Contingency Fee Pricing Model

If you have heard the term, contingency fee-based, have you ever wondered which party is really benefiting from this? Typically when you pay for a service, you expect the service to be carried out well and hopefully beyond your expectations. In the Telecom Expense...

Sharon Watkins Honored as 2019 CEOs of the Year by Orlando Business Journal

FOR IMMEDIATE RELEASE Orlando, FL April 5th, 2019- The Orlando Business Journal has recognized Sharon Watkins, CEO of RadiusPoint as one of Central Florida’s top CEOs in their 2019 CEOs of the Year Award. The program honors highest-level executives at organizations...

Announcing New Additions to ExpenseLogic 8.0 Quarterly Updates

FOR IMMEDIATE RELEASE Orlando, FL April 2nd, 2019- RadiusPoint, the leading service provider for technology and utility expense management, has announced additional capabilities to their quarterly update for ExpenseLogic 8.0 software. Each Quarter of 2019, they will...

Department Integration & Optimization Part 8: Real Estate

This past week, we wrapped up Part 7, the Telecom department in our Integration & Optimization series which comes to an end this week. To conclude our 8 part series, we are down to last but certainly not lease (pun intended), Part 8: Real Estate. This is just...

Department Integration & Optimization Part 7: Telecom

Last week, we shared Part 6, Information Technology which is very similar to this week’s Part 7 of our Department Integration & Optimization, Telecom. Our intelligent SaaS (Software-as-a-Service) ExpenseLogic integrates well with your telecom branch so you know...

Department Integration & Optimization Part 6: Information Technology

Earlier last week, we shared how your Finance department fits in nicely with our software.  To kick off this week, we begin the next piece in our Department Integration and Optimization series with Part 6: Information Technology. ExpenseLogic, our intelligent software...

RadiusPoint Provides A Remarkable ROI of 587% For 2018!

Orlando, FL March 8, 2019—RadiusPoint, the leading technology and energy expense management provider, announces an exceptional Return on Investment (ROI), on average of 587% for their clients for the entire year of 2018. The ROI is researched and verified against the...

Department Integration & Optimization Part 5: Finance

Part 4 of Department Integration & Optimization was shared last week to highlight how our software integrates well within your Human Resources division. To add further to our series, we are up to Part 5: Finance. Our cloud-based software solution; ExpenseLogic...

Department Integration & Optimization Part 4: Human Resources

Ending last week with Part 3, Accounts Payable in our 8 part series of Department Integration & Optimization, we continue this week with Part 4: Human Resources. This is another area of your enterprise that is fully integrated within our software for easy tracking...

Department Integration & Optimization Part 3: Facilities Management

Department Integration & Optimization Part 3: Facilities Management   Last week, we left off with Part 2 in our 8 part series, Department Integration & Optimization Continuing on with Part 3, we present you the Facilities Management department and how our...

Evolving Technology

While recognizing cost savings is important, maintaining a robust program is crucial to driving real results. Using our SaaS, cloud-based platform, we host all information associated with these costs in one easy-to-use software to audit and generate in-depth reports on a daily or weekly basis. By identifying billing errors and fees routinely, we organize costs and determine what inaccuracies need to be corrected and/or optimized for both wireline and wireless invoices.

RadiusPoint’s highest priority is allowing you to concentrate on the success of your company without the worry of wasted time and money. Last year, we were able to recover $52k in credits for our Healthcare client for mobile lines that were supposed to be canceled, but the vendor did not follow through. Having a company do the work for you and save money is not just smart, but incredibly efficient.

RadiusPoint © receives IT Schedule 70 contract from the General Services Administration (GSA) to provide expense management solutions to the Federal Government and its agencies.

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Guarantee ROI

Some TEM companies may offer an ROI percentage for their clients but can they provide proof? Return on investment is such an important piece in providing these services as anyone would want to know what they are receiving in return for their compensation. If they offer a guaranteed ROI but after the first 6 months, cannot follow through, it’s time to move on. Make sure your TEM partner provides accurate and true information. Ask for samples and other work to ensure the numbers are real and also ask for client references to verify their word.

 

Is Your Enterprise Facing These Top 5 TEM Challenges?

When deploying a third party service, there will always be pros and cons to consider. If the benefits outweigh the costs, then you’ve reached a verdict. However, determining which items impact your business the most can truly make or break it. The same goes for...

Clear Communication and Implementation

This is a big deal when TEM partners do not accurately represent the timeframe of implementation. Gaining control of vendor information and cost center location info takes time but not that much time. Having transparent communication from the very beginning is so crucial during the setup phase. Multiple meetings and phone calls with the key individuals on board is what will truly set the stage for the rest of the deliverables.  Some enterprises are realizing that a TEM vendor will promise the sun moon and stars in under a month but then fail to timely put it in motion. If you cannot keep your word before the project actually begins, you can be sure the rest of the partnership will soon follow suit.

Work Smarter, Not Harder

 

ExpenseLogic TM  is the powerful expense management software you need. Eliminate countless tedious hours and identify expensive billing errors and fees automatically.

ExpenseLogic TM easily performs your company’s Telecom Expense Management (TEM), Wireless Expense Management (WEM), and Utility Expense Management (UEM)  in one, easy-to-use platform. So you can put the time and money back where it belongs – into your organization.

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